Online education company Chegg has been sent to the principal’s office over the growing use of OpenAI’s ChatGPT chatbot by students. The company’s shares plummeted over 49% on Tuesday after Chegg acknowledged that ChatGPT is starting to hurt its business as more students use free A.I. chatbots for homework instead of paying for its study tools.
In its earnings report on Monday, Chegg said that the impact of ChatGPT started surfacing two months ago.
